'As a result of the meeting held on 'Thursday evening, a letter has been despatched by the Foreign Bankers' Association to Dr. LIH. Kung, Minister of Finance, assuring him thai all the bankers are willing to cooperate fully with the Chinese Gov. fomment in its monetary reform Programme, but that a definite decision regarding the handing over aliver cannot be reached until the Fecoipt by all the banks concerned of Instructions from taels respective iplomatie representatives, /hoped that a decision will be reached Jat a further meeting next week Most of the bankers present at Thursday's conference were of the opinion that the surrender of their silver holdings was not vital to the: successful carrying-out of the general urgency scheme, a representative of the "North-China Herald". learned from a reliable source on Friday. One ime bank had Instructions. to. sur= render its silver only if all the other banks did likewise. In a number of cases the local representatives wore still awaiting instructions from their head offices abroad as to what policy to adopt. Willingness to ce-operate with the Chinese authorities, however, was expressed by all without re-
Dr. H. H. Kung, Minister of Finance, took' part in the discussions at. the second meeting of the Standing Committee of the Currency Reserve! [Board at the Central Bank yesterday. Mr. 'T. V. Soong, Mr. KK. P, Chen, and Mr. ¥, 3. Chien were among those who attended.
Text read from the printed page and cleaned; old type leaves the occasional error.